Hipne Precision Soared 100% In Hong Kong Grey Market

TigerSep 29, 2025 8:27 AM

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Hipine soared 100% in Hong Kong grey market.

The gold-case watch designer and maker is offering as many as 10,600,000 shares expected to be priced in a range of HK$27.0 to HK$29.6 per share, according to an Hong Kong bourse filing.

Net proceeds are anticipated at HK$255.4 million, which will be used to enhance Hipine Precision's production capacity, to expand its sales network, to bolster its R&D capabilities and for general corporate purposes.

Ping An Securities (Hong Kong) acts as the sole sponsor, sole overall coordinator, sole global coordinator, joint bookrunner and joint lead manager of the deal. AVICT Global Asset Management, uSMART Securities, ABCI Capital, Patrons Securities and Ruibang Securities also act as joint bookrunners and joint lead managers.

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